Tag: Exploration and Development

Ramon Perez, CEO of Candelaria commented, “We are pleased to have these new drill holes incorporated into an updated resource estimate for the La Paila Zone. While the ounces in the resource are lower as compared to the previous 2012 report due to the introduction of a pit constraint, the overall in-pit resource did not change materially. The tighter drill hole spacing gives us more confidence in the deposit. We have also identified important drill targets going forward. As we advance the technical work on the project and perform additional drilling beyond the current pit constraint area, we expect to see an increase to the resource at La Paila. We are encouraged by the multiple drill ready targets located within the bigger Caballo Blanco project area.”

A la fecha no se han liberado los recursos correspondientes al Fondo Minero 2015, a pesar de que desde hace más de cinco meses Rosario Robles Berlanga, titular de la Secretaría de Desarrollo Agrario, Territorial y Urbano (Sedatu), entregó de manera simbólica el recurso.

Pete Dougherty, President & CEO commented: “With the acquisition of Fresnillo’s San Juan concession and the drill results so far, we expected to increase the life of the El Castillo mine. Drilling results to date are positive and indicate strong potential to expand the current pit limits initially into the North Target area. This previously announced acquisition also allows us to extract a large, known wedge of economic mineralization that lies on our side of the original concession boundary, as we move the pit wall back onto the newly acquired ground.”

Alvídrez Ortega comentó que “el compromiso con el cuidado del medio ambiente que tiene Fresnillo plc es una prioridad para todas nuestras unidades de operación, por lo que la ratificación como Industria Limpia de Minera Fresnillo y la certificación de Minera Saucito, es una muestra de nuestro interés por tener un entorno sano, sustentable y seguro”.

The claim package comprises 2 concessions, known as Biznagas and Los Lenchos, totaling 9600 hectares, which are contiguous to the south and west with the Cerro Las Minitas claim block. The Biznagas claim was recommended for staking by La Cuesta International, Inc. whose previous exploration activities in the region resulted in the discovery of the nearby San Sebastián Mine (Hecla Mining Ltd.) and the San Agustin project (Argonaut Gold). Southern has negotiated a Finder’s Agreement with La Cuesta as set out below.

Galore Resources Inc. announces that it has commenced a 3,500- meter diamond-drilling program on its wholly owned Dos Santos Property in Zacatecas State, Mexico.

San Marco Resources Inc. announces it has commenced preparation for Phase One core drill program at its 100% owned Chunibas gold/silver project, located approximately 160 kilometres east of Hermosillo, Sonora State, Mexico.

San Marco Resources Inc. announces that results from ongoing geological mapping and prospecting have confirmed and expanded the size potential of Target #1068 in Sonora State, Mexico, elevating the target to project status.

“Congratulations to Dean on receiving this prestigious award,” said Phillips S. Baker, Jr., President and CEO. “We believe the largest risk to mining companies today is the ability to replace reserves. Dean and his exploration team have been instrumental in Hecla maintaining its strong and growing reserve and resource profile over the past 10 years; as we added 299 million silver ounces to reserves despite price volatility and the recent trend in the industry of declining reserves.”

Canasil Resources Inc. announces assay results for drill holes ES-17-18 and ES-17-19 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Both drill holes intersected wide mineralized intervals with multiple silver-zinc-lead intercepts, with appreciable gold values in ES-17-19, reporting high-grade intervals from the La Esperanza vein. These holes now complete the current drill program, which was expanded to eight drill holes for a total of 2,452 metres (m). All drill holes successfully intersected the La Esperanza vein indicating a strong mineralized system which remains open in both directions to the southeast and northwest along strike and to depth. Of particular note are the high gold grades observed for the first time together with high silver grades in drill hole ES-17-19.